Heritage Investors Management Corp Buys 9,898 Shares of Constellation Brands Inc (NYSE:STZ)

Heritage Investors Management Corp lifted its stake in Constellation Brands Inc (NYSE:STZ - Free Report) by 7.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 138,214 shares of the company's stock after buying an additional 9,898 shares during the period. Heritage Investors Management Corp owned approximately 0.08% of Constellation Brands worth $25,365,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its position in Constellation Brands by 13.3% during the fourth quarter. Vanguard Group Inc. now owns 15,534,787 shares of the company's stock valued at $3,433,188,000 after purchasing an additional 1,821,969 shares in the last quarter. Capital World Investors raised its position in Constellation Brands by 3.4% during the fourth quarter. Capital World Investors now owns 9,755,602 shares of the company's stock valued at $2,155,946,000 after purchasing an additional 324,690 shares in the last quarter. Berkshire Hathaway Inc acquired a new position in Constellation Brands during the fourth quarter valued at approximately $1,242,976,000. Geode Capital Management LLC raised its position in Constellation Brands by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 3,204,003 shares of the company's stock valued at $705,844,000 after purchasing an additional 63,323 shares in the last quarter. Finally, Capital Research Global Investors raised its position in Constellation Brands by 0.6% during the fourth quarter. Capital Research Global Investors now owns 2,901,975 shares of the company's stock valued at $641,336,000 after purchasing an additional 18,557 shares in the last quarter. 77.34% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

STZ has been the subject of several research analyst reports. Roth Capital lowered their price objective on shares of Constellation Brands from $256.00 to $239.00 and set a "buy" rating for the company in a research report on Tuesday, May 20th. BMO Capital Markets lowered their price objective on shares of Constellation Brands from $260.00 to $215.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. Citigroup boosted their price objective on shares of Constellation Brands from $170.00 to $174.00 and gave the company a "neutral" rating in a research report on Thursday, July 3rd. Jefferies Financial Group upgraded shares of Constellation Brands from a "hold" rating to a "buy" rating and upped their price target for the stock from $194.00 to $205.00 in a report on Monday, July 7th. Finally, Piper Sandler upped their price target on shares of Constellation Brands from $165.00 to $170.00 and gave the stock a "neutral" rating in a report on Friday, June 6th. Eleven investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $213.74.

Constellation Brands Trading Down 1.5%

STZ traded down $2.61 during trading on Monday, reaching $167.96. 2,233,593 shares of the stock traded hands, compared to its average volume of 1,949,492. The company has a quick ratio of 0.68, a current ratio of 1.07 and a debt-to-equity ratio of 1.30. The stock has a market capitalization of $29.61 billion, a PE ratio of -70.28, a P/E/G ratio of 10.32 and a beta of 0.67. The stock's 50-day moving average is $173.47 and its 200 day moving average is $179.24. Constellation Brands Inc has a 12 month low of $159.35 and a 12 month high of $261.06.

Constellation Brands (NYSE:STZ - Get Free Report) last issued its quarterly earnings results on Tuesday, July 1st. The company reported $3.22 EPS for the quarter, missing analysts' consensus estimates of $3.45 by ($0.23). The firm had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.57 billion. Constellation Brands had a negative net margin of 4.11% and a positive return on equity of 31.41%. The business's revenue was down 5.5% compared to the same quarter last year. During the same period last year, the company posted $3.57 EPS. Equities analysts anticipate that Constellation Brands Inc will post 13.5 earnings per share for the current year.

Constellation Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 14th. Stockholders of record on Wednesday, July 30th will be given a dividend of $1.02 per share. The ex-dividend date is Wednesday, July 30th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.43%. Constellation Brands's dividend payout ratio (DPR) is presently -170.71%.

Insider Activity

In other news, EVP Samuel J. Glaetzer sold 3,150 shares of the stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $188.54, for a total transaction of $593,901.00. Following the transaction, the executive vice president owned 3,126 shares of the company's stock, valued at $589,376.04. This represents a 50.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 12.45% of the stock is owned by company insiders.

Constellation Brands Company Profile

Constellation Brands, Inc, together with its subsidiaries, produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy. The company provides beer primarily under the Corona Extra, Corona Familiar, Corona Hard Seltzer, Corona Light, Corona Non-Alcoholic, Corona Premier, Corona Refresca, Modelo Especial, Modelo Chelada, Modelo Negra, Modelo Oro, Victoria, Vicky Chamoy, and Pacifico brands.